After looking at The9 Limited’s (NASDAQ:NCTY) latest earnings announcement (31 December 2016), I found it useful to revisit the company’s performance in the past couple of years and assess thisRead More...

SHANGHAI , Nov. 2, 2017 /PRNewswire/ -- The9 Limited (NASDAQ: NCTY), an online game developer and operator in China , today announced that its subsidiary has signed an exclusive publishing agreement with ...

I am going to take a deep dive into The9 Limited’s (NASDAQ:NCTY) most recent ownership structure, not a frequent subject of discussion among individual investors. Ownership structure has been foundRead More...

SHANGHAI, June 15, 2017 /PRNewswire/ -- The9 Limited (the "Company" or "The9") (NCTY), an online game operator, today announced that it has entered into a definitive agreement with IE Limited, a company incorporated under the laws of Korea with shares listed on the Korean Securities Dealers Automated Quotations of the Korea Exchange under stock code 023430 ("IE"), for the issuance and sale of 12,500,000 ordinary shares of the Company, each with par value US$0.01, to IE for a total consideration of US$15 million, or US$1.2 per share (the "Transaction"). IE will pay for the consideration with a 14.55% equity interest in its wholly owned subsidiary, Smartposting Co., Ltd. ("Smartposting"), which operates Smartposting, an online marketing platform in Korea.

SHANGHAI, June 9, 2017 /PRNewswire/ -- The9 Limited (the "Company" or "The9") (NCTY), an online game operator, today announced that effective on June 8, 2017 (the "Effective Date"), its board of directors has repriced and accelerated the vesting of stock options to purchase a total of 17,135,200 ordinary shares, par value US$0.01 each, of the Company (the "Shares"), which were previously awarded to certain directors and employees (the "Grantees") under the Company's 2004 Stock Option Plan, as amended (the "Plan"). In exchange therefor, such Grantees have agreed to the cancellation of stock options to purchase 10,806,667 Shares and have immediately exercised the balance of stock options to acquire a total of 6,328,533 American depositary shares, each representing one Share, which have been determined by an independent appraisal firm to have the same fair value as the stock options subject to repricing and acceleration.

SHANGHAI, April 10, 2017 /PRNewswire/ -- The9 Limited (the "Company" or "The9") (NASDAQ: NCTY), an online game operator, today announced that it has entered into a term sheet with each of IE Limited, and Ark Pacific Capital Management Limited, a company incorporated in Hong Kong ("Ark Pacific"), for the issuance and sale of a total of 25,000,000 ordinary shares of the Company, each with par value US$0.01, to IE and Ark Pacific for a total consideration of US$30 million, or US$1.2 per share (the sale to each of IE and Ark Pacific, a "Transaction"). Each of IE and Ark Pacific will subscribe for 50% of the total shares to be issued (i.e.

SHANGHAI, Feb. 24, 2017 /PRNewswire/ -- The9 Limited (NCTY) ("The9" or the "Company"), an online game operator and developer in China, today announced that it has received a written notification from the Nasdaq Stock Market, Inc. ("Nasdaq") dated February 22, 2017 indicating that the Company no longer meets the continued listing requirement of minimum Market Value of Publicly Held Shares ("MVPHS") for the Nasdaq Global Market, as set forth in the Nasdaq Listing Rule 5450(b)(2)(C), because the market value of the Company's publicly held American depositary shares ("ADS"), each representing one ordinary share of the Company, for the last 30 consecutive business days was below the minimum requirement of US$15,000,000. Pursuant to Nasdaq Listing Rule 5810(c)(3)(D), the Company has a compliance period of 180 calendar days (or until August 21, 2017) to regain compliance.

SHANGHAI, Jan. 26, 2017 /PRNewswire/ -- The9 Limited (the "Company" or "The9") has received a written notification from the Nasdaq Stock Market, Inc. ("Nasdaq") dated January 20, 2017 indicating that the Company no longer meets the continued listing requirement of minimum Market Value of Listed Securities ("MVLS") for the Nasdaq Global Market, as set forth in the Nasdaq Listing Rule 5450(b)(2)(A), because the market value of the Company's total outstanding shares for the last 30 consecutive business days was below the minimum requirement of US$50,000,000. Pursuant to Nasdaq Listing Rule 5810(c)(3)(C), the Company has a compliance period of 180 calendar days (or until July 19, 2017) to regain compliance.